Latest Indian Mutual Fund News | 21-Sep-2013 | UTI MF, Axis MF

September 21, 2013

NEW FUND OFFER

1.Axis MF introduces Fixed Term Plan – Series 40 (91 Days)

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan – Series 40 (91 Days), a close ended income scheme. The NFO opens for subscription on Sep 20, 2013, and closes on Sep 23, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 in multiples of Re. 10 thereafter.

The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund manager is Kedar Karnik. The investment objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

News Source – INDIAN COMMODITY.

2.Baroda Pioneer Mutual Fund: New Fund Offer

Fund house has announced New Fund Offer of Baroda Pioneer Fixed Maturity Plan-Series I with tenure 366 days. Fund will open for subscription on September 19, 2013 and close on September 23, 2013.

UTI Mutual Fund (MF) has declared dividend under the dividend sub option of UTI Fixed Income Interval Fund Quarterly Interval Plan – I. The record date for dividend is September 24, 2013.
The rate of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

Canara Robeco Mutual Fund has announced dividend under the dividend option of Canara Robeco Interval Series 2 Quarterly Plan 2 Ret. The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as September 25, 2013